NEW LONDON — The Grace Living Community of GlenOaks in New London is being sold and will be managed by a new entity.
RealCo New London, MN, LLC is purchasing the senior living and care facility from Living Services Foundation/New London, LLC.
The sale is expected to take place Nov. 1.
It will be managed by Campbell Street Services.
“We’re really excited about taking on this building,” said Jeff Amann, CEO of Campbell Street Services, in a brief telephone interview Friday.
Amann, who said he has worked with senior care his entire career, said the company intends to continue the ”legacy” GlenOaks has in the community.
All the existing staff, including its new CEO Sam Quam, will be retained but Amann said the name will be changed back to its original name of GlenOaks Senior Living Campus.
Since July 2016, the facility has been operated by Benedictine Living Community of New London under an agreement with a court-appointed receiver while the receiver marketed the facility for sale.
According to Janis Kivela Hooey, community relations manager with the Benedictine Health System, the Living Services Foundation bond trustee requested court appointment of a receiver to market and sell the facility.
She said the receivership was part of the transition process.
Benedictine Living Community of New London had been leasing the facility from Living Services Foundation/New London, LLC, and the receiver entered into an agreement with Benedictine Living Community of New London to continue to lease and operate the facility while it was being marketed.
She said the receiver reached an agreement recently with RealCo New London, MN, LLC to purchase the facility.
In a news release announcing the sale, it was stated that there will be no changes in the day-to-day operations at this time as Benedictine Living Community of New London will continue to operate it until the sale is finalized.
The two managing companies will “work together to effect a smooth transition for the employees, residents and tenants,” according to the news release.
Staff and residents were notified of the change this week and letters were sent to families.
Campbell Street Services was founded in 2018 to provide management services support to senior care communities and currently supports two assisted living communities and two skilled nursing communities.
“Our mission is to provide exceptional and compassionate support services to all communities served,” said Amann. “We are excited to continue to build on GlenOaks’ legacy of care for the community of New London.”
The Benedictine Health System is sponsored by the Benedictine Sisters of St. Scholastica Monastery. Amann said there will be no religious affiliation under the new ownership and management of GlenOaks.
Amann said plans by Bethesda of Willmar to build a new senior living campus in New London will add to the “synergy” of providing comprehensive care in the community.
The GlenOaks facility currently operates 52 skilled nursing beds, 12 assisted living units and 35 independent living apartments with 112 associates.